Greenwood Village, CO, United States (August 6, 2014) – The Forbes M+A Group is pleased to announce the successful acquisition of its client, Populus LLC, by CLEAResult. The Forbes M+A Group senior advisors, Bill Nack and Jim Johnston, served as the exclusive financial counsel to Populus for this transaction. “Populus is nationally recognized for implementing extremely successful energy advisor programs,” said Bill Nack, Managing Partner of The Forbes M+A Group. “Their unique client-based approach has created a remarkable and compelling business. As part of the CLEAResult solutions portfolio, Populus will be able to expand its reach even further to affect energy usage at a national level. It is a terrific combination and an exciting time for both companies.”
Populus focuses on designing and implementing residential energy efficiency programs for municipalities and utilities that often must meet renewable energy and conservation mandates. Its distinctive approach combines building science, behavioral science, big data analysis and human relationships to achieve high levels of consumer participation.
“Populus chose to work with The Forbes M+A Group because we valued its understanding of the energy and clean tech industry, and we wanted a firm with national reach and a strong Colorado presence,” said Laura Hutchings, Chief Executive Officer for Populus LLC. “The entrepreneurial background and experience of The Forbes M+A Group’s advisors created a strong collaborative relationship. Bill and Jim were unwavering in their advocacy and personally committed to ensuring that we not only received a successful financial outcome, but that we consummated a transaction that was consistent with the long-term goals, culture and vision of the Populus team.”
“With Populus’ success at converting program participants to make investments in energy efficiency upgrades and its people-focused approach, it fits perfectly with our own goal of helping our client’s customers improve how they use energy,” said Glenn Garland, President & CEO of CLEAResult. “The addition of Populus to CLEAResult allows us to offer an innovative and proven approach that helps guide utility customers to achieve greater energy savings through technology-enabled services. Together we will continue to fulfill on our promise of helping change the way people use energy.”
About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.
Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com